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12/14/2012 10:01AM

Traders Still Eying 'Fiscal Cliff' Talks Closely

Barron's Columnist Brendan Conway joins the News Hub to discuss upcoming changes in the markets, the impact 'fiscal cliff' talks are having on traders, and the upbeat news from the Chinese manufacturing sector. Photo: AP Images.

This transcript has been automatically generated and may not be 100% accurate.

... the the ... let's look at today's market falls happening this Friday morning Brendan Conway I'm fond columnist joins me in the knees and the stunning panic of loaning ... money a dang fine you're so great to see less iconic puzzle CPI thankless going on ... yes so ... not much to change the air on ... Libor Steve are still looking at basically an annualized rate of under two percent of of of overall inflation so ... the market really didn't react be or what we have this this morning our futures are slightly higher ... aam in part because of some data out of China that basically came in ... at the highest level in ... fourteen months is a purchasing managers' index ... Chinese stocks react on that and so that that's one thing it's keeping the bulls a little bit of comfort this morning ... Austin modest rise in the future this morning what they expect to see him about this this this morning ... yes you know where where where where we're coming in the session with the eighty two due to date loss ... so Wednesday and Thursday near death yesterday was really interesting the Dow was down maybe you need the points for so ... toward the end of the session ... in the gut this headline ... speaking of the fiscal cliff that saying that of the House speaker ... and other president were meeting ... the market late in getting the news but you could even just cut this latest little glimmer that something is going on ... he saw beyond the stock's basically pared their losses so far for of for for workers What does the market has done a good job of kind of ... dealing with this on certainty ... I've been in decline watching it so closely and traders really wanna see this thing results ... I frankly don't don't know if the Guinea get the more ... I mean this Sunday's season as many places it feels so what happens ... if the deal is the reason the market to stand still expecting politicians to come ... out with something on the summit ... well you know he ... he has been a long time since we had a serious selloff ... if you dial back to more than a year ago when cutter that ... the debt ceiling to base for going on ... Markets definitely did not like to see what was going on there me ... but the MarketWatch from Washington uncertainty ... the market I don't think is gonna get certainty from Washington ... that way it's not threatening Kelli thank you so much fun response comments great to do so as always ... more news on the markets of course ... open on WS J dot com